Pledged securities; substitute; when required.

  1. Law
  2. Nebraska Revised Statutes
  3. Banks and Banking
  4. Pledged securities; substitute; when required.

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8-217. Pledged securities; substitute; when required.

If the interest on any security pledged as provided in section 8-209 remains unpaid for thirty days after maturity, the trust company shall substitute other securities therefor.

Source

  • Laws 1919, c. 190, tit. V, art. XVIII, § 14, p. 722;
  • C.S.1922, § 8076;
  • C.S.1929, § 8-214;
  • Laws 1933, c. 18, § 80, p. 176;
  • C.S.Supp.,1941, § 8-214;
  • R.S.1943, § 8-217;
  • Laws 1993, LB 81, § 31.


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